Why is effective budgeting critical to a company’s success
Each response must have a minimum of 150 words MUST have references for each response!Quality work! No Plagiarism!
Ch. 21: Budgetary Planning
- Why is effective budgeting critical to a company’s success?
- State the essentials of effective budgeting and the components of the master budget.
- Apply budgeting principles to nonmanufacturing companies.
Ch. 22: Budgetary Control and Responsibility Accounting
- What is a flexible budget?
- What types of organizations might use flexible budgets?
- Why are flexible budgets useful?
Ch. 23: Standard Costs and Balanced Scorecard
- What are variances and why do these occur?
- What factors would you consider when deciding whether to investigate a variance?